BCE (BCE) Getting Somewhat Favorable Media Coverage, Study Finds

News headlines about BCE (TSE:BCE) (NYSE:BCE) have been trending somewhat positive on Saturday, InfoTrie reports. The research firm rates the sentiment of press coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. BCE earned a daily sentiment score of 0.89 on their scale. InfoTrie also assigned press coverage about the company an news buzz score of 3 out of 10, meaning that recent press coverage is unlikely to have an impact on the company’s share price in the immediate future.

Here are some of the headlines that may have effected BCE’s analysis:

TSE BCE traded up C$0.12 during trading on Friday, hitting C$54.10. The company’s stock had a trading volume of 1,453,900 shares, compared to its average volume of 1,549,972. The company has a quick ratio of 0.38, a current ratio of 0.50 and a debt-to-equity ratio of 116.29. BCE has a 52 week low of C$50.72 and a 52 week high of C$62.90.

BCE (TSE:BCE) (NYSE:BCE) last issued its quarterly earnings results on Thursday, November 1st. The company reported C$0.96 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.93 by C$0.03. The business had revenue of C$5.88 billion during the quarter, compared to the consensus estimate of C$5.86 billion. During the same period in the prior year, the firm earned $0.68 earnings per share. On average, equities research analysts expect that BCE will post 3.66000021832532 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 15th. Shareholders of record on Friday, December 14th will be given a $0.755 dividend. This represents a $3.02 annualized dividend and a yield of 5.58%. The ex-dividend date of this dividend is Thursday, December 13th. BCE’s dividend payout ratio is currently 97.82%.

Several equities research analysts recently weighed in on the company. Barclays reduced their target price on BCE from C$65.00 to C$62.00 in a report on Friday, November 2nd. CIBC reduced their target price on BCE from C$59.00 to C$58.00 in a report on Friday, August 3rd. Desjardins upgraded BCE from a “hold” rating to a “buy” rating and reduced their target price for the stock from C$60.75 to C$59.50 in a report on Thursday, October 18th. Royal Bank of Canada reduced their target price on BCE from C$60.00 to C$59.00 and set a “sector perform” rating for the company in a report on Friday, November 2nd. Finally, Morgan Stanley reduced their target price on BCE from C$62.00 to C$59.00 in a report on Friday, August 31st. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of C$59.79.

In other BCE news, insider Duc Bernard Le sold 7,513 shares of BCE stock in a transaction that occurred on Tuesday, November 6th. The stock was sold at an average price of C$52.90, for a total value of C$397,437.70.

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BCE Company Profile

BCE Inc, a telecommunications and media company, provides wireless, wireline, Internet, and television (TV) services to residential, business, and wholesale customers in Canada. The company operates through three segments: Bell Wireless, Bell Wireline, and Bell Media. The Bell Wireless segment offers integrated digital wireless voice and data communications products and services.

Further Reading: Understanding each part of a balance sheet

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